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Policy & Funding

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Israel reveals plan to invest circa $2 million in marine energy solutions
Policy & Funding

Israel reveals plan to invest circa $2 million in marine energy solutions

Israel’s government is planning to invest NIS 6 million (approximately $2 million) in advancing marine energy solutions, including wave energy generation, offshore energy systems, artificial intelligence-powered marine energy management, and related technologies. The joint initiative by Israel’s Min

about 2 months ago
6% of Welsh people think renewable energy development should decrease, research shows
Policy & Funding
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6% of Welsh people think renewable energy development should decrease, research shows

New research by RenewableUK Cymru has found that 71% of Welsh people believe renewable energy development should increase, with just 6% saying it should decrease, and 58% want Wales’s future energy system to be mainly or entirely based on renewable energy. New polling published by RenewableUK Cymru

about 5 months ago
Wales introduces new deal to drive its renewable energy potential
Policy & Funding

Wales introduces new deal to drive its renewable energy potential

The Welsh government has launched the Renewable Energy Sector Deal, a strategic partnership between the government and industry, focused on ensuring that Wales meets its renewable energy targets and unlocking the full economic potential of its renewable energy future. Central to the Renewable Energy

about 6 months ago
New UK tidal energy capacity – What we know so far
Policy & Funding

New UK tidal energy capacity – What we know so far

Inyanga Marine Energy Group’s HydroWing Tidal Energy Projects has secured a contract for an additional 10 MW of capacity in the UK government’s Contracts for Difference (CfD) Allocation Round 7 (AR7) for what will, once fully developed, become the world’s largest tidal energy project. Of note, the U

about 7 months ago
Offshore Energy Recap 2024
Policy & Funding

Readers’ choice: Offshore Energy’s most-read news in 2025

As the offshore energy sector continued to navigate the energy transition and technological development, but also uncertainty, 2025 saw continued shifts in policy, investment, and project development across the global energy landscape. To mark the year’s end, the Offshore Energy editorial team looks

about 9 months ago
Shareholders inject nearly €1.2M into Carnegie’s wave energy ambitions
Policy & Funding

Shareholders inject nearly €1.2M into Carnegie’s wave energy ambitions

Australian wave energy developer Carnegie Clean Energy has raised AUD 2.116 million (almost €1.2 million) from its share purchase plan (SPP), which closed on September 8, 2025. According to Carnegie, the funds will be used to advance several initiatives supporting the commercialization of its CETO a

about 1 year ago
Illustration/CETO wave energy array (Courtesy of Carnegie Clean Energy)
Policy & Funding

EU backs €4M wave energy research with Carnegie as tech partner

Australian wave energy developer Carnegie Clean Energy has been named the key technology partner in the COIN (Control-Oriented Innovations for future wave energy farms) project, funded under the Horizon Europe Program with a total budget of €4 million. The four-year initiative, coordinated by Techni

about 1 year ago
Illustration (Courtesy of TEAMER Program), University of Hawaii
Policy & Funding

TEAMER selects 18 new marine energy projects for technical support

The U.S. Testing Expertise and Access to Marine Energy Research (TEAMER) program has approved 18 projects through its 16th request for technical support (RFTS), representing over $2.7 million in funding. The Technical Support Recipients (TSRs) will receive assistance across numerical modeling, labo

about 1 year ago
SUMMER SALE: Up to 50% off on advertising on offshore-energy.biz
Policy & Funding

SUMMER SALE: Up to 50% off on advertising on offshore-energy.biz

Offshore Energy has launched a summer sale with up to 50% off on advertising packages, ending on July 31. Use this opportunity to book your advertising campaign and multiply ways to increase exposure to the industry! Get 15% off for one, 25% off for two, and 50% off for three products or more. Conta

about 1 year ago
worker looking at tidal turbines
Policy & Funding

UK firm secures almost $5M for Morlais tidal energy demonstrator build

UK-based Inyanga Marine Energy Group has raised £3.7 million (approximately $5 million) in fresh investment to support the build of a tidal energy demonstrator for the Morlais project in Wales. According to Inyanga, the funding round includes backing from the British Business Bank via The FSE Group

about 1 year ago
Seaturns' wave energy device deployed near Brest (Courtesy of Seaturns/Photo by Stéphane LESBATS/Ifremer)
Policy & Funding

Seaturns raises €2.45 million to launch full-scale wave energy demonstrator

French wave energy developer Seaturns has secured €2.45 million to support the industrialization and deployment of its wave energy technology, following a fundraising round backed by 1,543 investors on the LITA.co platform. According to Seaturns, the round also included contributions from long-stan

about 1 year ago
MoorPower deployed for the second phase of validation at the offshore test site in North Fremantle WA. Source: Carnegie Clean Energy
Policy & Funding

Funding secured to advance design of Carnegie’s MoorPower commercial pilot

Australia’s wave energy developer Carnegie Clean Energy has secured AUD 335,020 (approximately $218,000) in funding from the Blue Economy Cooperative Research Centre (Blue Economy CRC) to advance preliminary design work for the first MoorPower commercial pilot wave energy system. The project will ad

about 1 year ago
Tian-Bing Xu, Ph.D., a professor at ODU, developing wave energy technology
Policy & Funding

$1M grant boosts underwater wave energy tech at ODU

Tian-Bing Xu, Professor in the Department of Mechanical and Aerospace Engineering at Old Dominion University (ODU) in the U.S., has been awarded a $1 million grant from the Office of Naval Research (ONR) to develop an underwater wave energy conversion system. According to ODU, the four-year project

about 1 year ago
ZOEX's wave energy converter (WEC) technology. Source: ZOEX
Policy & Funding

UK’s first female-founded wave energy firm raises $700K to advance its tech

Aberdeen-based ZOEX Power has secured £531,000 (around $715,000) in funding to support the development of its wave energy converter (WEC) technology. The round includes investment from angel syndicate Equity Gap, alongside backing from the University of Strathclyde and Scottish Enterprise. The inves

about 1 year ago